New Zealand to Introduce Mortgage Lending Restrictions as Debt, Home Prices Climb 

The country's central bank will apply new mortgage lending restrictions to reduce potential financial instability risks stemming from high household debt and rising home prices.

Australian Retail Sales Failed to Spring Back in April 

The country's retail sales remained weak in April, highlighting the plight of consumers in the face of elevated interest rates and rising costs, while signaling a sluggish economy for some time yet.

China Courts U.S.'s Top Asian Allies on Trade, but Will It Succeed? 

Despite Beijing's calls to avoid protectionism, the three countries didn't reach any concrete initiatives.

China Raises $48 Billion for Semiconductor Fund 

Beijing is aiming to increase its chip-making capabilities in the face of an escalating technology competition with the U.S.

Wall Street economists expect 'friendly' U.S. inflation data this Friday 

Expectations about the future path of Federal Reserve interest-rate policy has been on a roller coaster this year and the next potential swoon could come Friday with the release of the Fed's preferred inflation measure of consumer inflation.

Memorial Day kicks off a cruel summer for inflation-weary Americans - with one bright spot 

This Memorial Day weekend marks the informal start of the third summer where inflation will be buzzing around like a fly at a barbecue.

AI Is Driving 'the Next Industrial Revolution.' Wall Street Is Cashing In. 

Old-school stocks in the utilities, energy and materials sectors are outpacing the wider market.

German Business Sentiment Fails to Improve 

The Ifo business-climate index was unchanged in May, against expectations for an uptick, though firms did set out a more optimistic outlook for the months ahead.

Switzerland's Central Bank Sold Apple Stock, and More. It Bought Virgin Galactic. 

The central bank of Switzerland sold Apple, Lucid, and Shopify stock, and increased a stake in Virgin Galactic in the first quarter.

ECB's Lane Says Way Clear for Rate Cuts 

The eurozone's inflation rate and the pace of wage rises are slowing gradually, paving the way for possible rate cuts after a first reduction in borrowing costs next month, the ECB's chief economist said.

(END) Dow Jones Newswires

05-28-24 0115ET